Time To Short Wells Fargo Again?
|August 7th, 2009||
|Contributed by: Teri Buhl|
|According to an article this afternoon by Teri Buhl, the “smart money” is turning bearish on Wells Fargo (NYSE: WFC). On Thursday, spiked volume and block buys had hedge funds scurrying. Sources have been claiming that Goldman Sachs (NYSE: GS) is behind the bearish bets. Her article also suggests that short-sellers like Jim Chanos’ Kynikos Associates and David Einhorn’s Greenlight Capital may also be involved. Notably, Warren Buffet’s Berkshire Hathaway is WFC’s largest holder with over 300,000,000 shares.|
To see the complete article on BankImplode.com, please click Is it Time To Short Wells Again?
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